VC allocations not growing proportionately with surge in deep tech startups, says SGInnovate’s Leonard


Leonard noted that while funding rounds have grown bigger, the capital may not be filtering down to the seed level, where most of the deep tech firms are.

Microsoft invests in Southeast Asian ride-hailing major Grab

The two companies will collaborate on projects in Big Data and Artificial Intelligence.

It’s raining VC investments in SE Asia this year as funding surpasses 2017

VC funding in the first eight months of 2018 stood at $3.16b, compared with $2.72b last year.

ONE Championship raises Sequoia-led $166m round to reach near $1b valuation

Other investors in the latest funding round include Temasek Holdings, Greenoaks Capital and other institutional investors.

Singapore’s Monk’s Hill sets $150m hard cap for second VC fund

According to an executive familiar with its fundraising plans, the VC has set the fund’s hard cap at $150 million, adding a $30-million buffer to its initial target of $120 million. 

OCBC’s second PE fund to hit market in 2019, to be larger than $398m first fund: Report

The plan to launch a second larger fund is based on the success of OCBC’s first fund which is on track to meet its targeted 20% IRR by the end of the term.

SoftBank nearing deal to invest $500m in ride-hailing firm Grab

The investment is part of the roughly $1 billion that Grab is seeking to complete an ongoing $3-billion funding round.

Singapore water treatment firm Hyflux in talks to divest Tuaspring project

Sembcorp Industries Ltd was reportedly the only party that submitted a final bid for the plant, offering below book value.

SG Digest: SingTel launches VIA in Thailand; IMDA, MHA award $1.82m to 4 startups

After Thailand, SingTel plans to extend the network to other countries by teaming up with Airtel in India, Globe in the Philippines and Telkomsel in Indonesia.

Singapore: CapitaLand’s newly formed JV acquires Collective Works

Founded in 2012, co-work space operator Collective Works currently has two locations in Singapore.